SoftBank Seeks $10 Billion Loan Backed by OpenAI Shares

Bloomberg
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SoftBank Seeks $10 Billion Loan Backed by OpenAI Shares
Bloomberg
Written by Bloomberg
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SoftBank Group Corp. is seeking a $10 billion loan secured by its shares in US artificial intelligence giant OpenAI, people familiar with the matter said, as it takes on more debt for its push into AI. Bloomberg's Trista Xinyi Luo reports.

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